So for this to work, the service absolutely has to be compensated only by the customer, with rigorous and transparent policies against accepting commissions or other kick-backs from providers. That means it will seem shockingly expensive, to middle-class people, initially.
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This could be a huge economic and social good, eliminating large swathes of the rent-seeking bullshit that infests the current economy.
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I'm with you! I think the magnitude of this ubiquitous inefficiency is tremendous, and I think you're really right that it is also a fertile terrain for fraud and exploitation. Years ago, my young family was nearly destroyed by a suspicious "error" at a health insurance company.
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the interesting thing about this is it would positively impact those who have not signed up for the service due to "intolerance of the minority" effect
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Yes, I think it could be a huge win for everyone. Therefore, it will be vigorously resisted by entrenched interests. Need to strike fast and with overwhelming force. This could be one of those “really giant” things VCs want so badly to invest in… $1bn initial funding maybe
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Hi, there is your unroll: Thread by
@Meaningness:@KevinSimler@context_ing Right, I nearly added a tweet about principal-agent when originally… https://threadreaderapp.com/thread/1216397640138510337.html …. Talk to you soon.
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The general helplessness of the average citizen in the face of opaque bureaucracies and convoluted admin processes is so much friction to growth and happiness.
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Good example of this is parking ticket contest services, most folks have no choice but to pay because they don’t have the luxury of spending time contesting and arguing, or don’t even know that’s an option But give $5 to an auto-contester and save $70 on a ticket
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